Us stock market in the New Economic Crisis
Abstract
COVID-19 has had a huge impact on financial markets with its uncertainty, pressure and volatility. The decline in economic activity has caused dire consequences for the economies of all countries of the world, which led to a drop in production, the closure of enterprises, supply chains, and an increase in unemployment. All this continues to affect the state of the world economy and the US economy, in particular. The recovery is at a slow pace, and economic indicators are unlikely to return to pre-crisis levels by the end of 2021. A different situation is in the securities market, which returned to its indicators in the summer of 2020, and now continues to update historical highs. The authors investigate the paradoxical situation when the real economy is experiencing serious difficulties, and the stock market is showing incredible success. This article examines the impact of COVID-19 on the US stock market through the prism of macroeconomic indices, examples of some companies, as well as general forecasts and conclusions on the state of the US stock market. The article will be of interest to economists and stock market analysts, as well as to all those who are interested in the global state of affairs.
About the Authors
A. F. Sirazeeva
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
PhD in Pedagogics, Associate Professor
D. I. Badrutdinov
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
Student
N. A. Raznitsyn
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
Student
References
1. Drobot E.V. Global economics in conditions of COVID-19 pandemic: outcomes of 2020 and perspectives of recovery // Economic relations. – 2020. – Vol. 10. – No. 4. – P. 937–960.
2. Leonov M.V., Zemtsova N.V. Improvement of monetary policy in conditions of low interest rate // Petersburg economic journal. – 2020. – No. 4. – URL: https://cyberleninka.ru/article/n/sovershenstvovanie-denezhnokreditnoy-politiki-v-usloviyah-nizkih-protsentnyh-stavok (data accessed: 20.05.2021).
3. Official site of Interfax. – URL: https://www.interfax.ru/business/745928/ (date accessed: 28.05.2021).
4. Official site of CSIMarket. – URL: https://csimarket.com/stocks/index.php?grk=code/ (date accessed:28.05.2021).
5. Official site of Daytrading.com. – URL: https://www.daytrading.com/reflation-trades/ (date accessed: 28.05.2021).
6. Official site of FRED (Federal Reserve Economic Data). – URL: https://fred.stlouisfed.org/graph/?g=HfT/ (date accessed: 28.05.2021).
7. Official site Macrotrends. – URL: https://www.macrotrends.net/Elektronnyj resurs. (date accessed 28.05.2021).
8. Official site MULTPL. – URL: https://www.multpl.com/s-p-500-pe-ratio/ (date accessed: 28.05.2021).
9. Curto J.D. To keep faith with homoskedasticity or to go back to heteroskedasticity? The case of FATANG stocks // Nonlinear Dynamics. – 2021. – Vol. 104. – Is. 4. – P. 4117–4147. – URL: https://doi.org/10.1007/s11071-021-06535-8 (date accessed: 28.05.2021).
10. Gormsen N.J., Koijen R.S. Coronavirus: Impact on Stock Prices and Growth Expectations // The Review of Assents Pricing Studies. – 2020. – Vol. 10. – Is. 4. – P. 574–597. – URL: https://doi.org/10.1093/rapstu/raaa013 (date accessed: 28.05.2021).
11. Kolchin K. SIFMA Insights: Who Owns Stocks in America // Официальный сайт Sifma.org. – URL: https://www.sifma.org/wp-content/uploads/2021/02/SIFMA-Insights-Who-Owns-Stocks-An-Update-FORWEB.pdf (date accessed: 28.05.2021).
12. Nenkov D. The S&P 500 Index and the “Super 6” Technology Stocks in the Pandemic Crisis // Научни трудове на УНСС. – 2021. – Is. 2. – P. 169–187. – URL: https://www.ceeol.com/search/article-detail?id=953083 (date accessed: 28.05.2021).
13. Sokol M., Pataccini L. Winners and Losers in Coronavirus Times: Financialisation, Financial Chains and Emerging Economic Geographies of The Covid-19 Pandemic // Tijdschrift voor Economische en Sociale Geografie. – 2020. – Vol. 111. – Is. 3. – P. 401–415. – URL: https://doi.org/10.1111/tesg.12433 (date accessed: 28.05.2021).
14. Ubaydullaeva U., Tolstikova V. Financial Impact of Covid-19: Stock Market Volatility and Us Cash Crisis // Scientific Research and Development, Economics of the Firm. – 2021. – Vol. 9. – Is. 4. – URL: https://doi.org/10.12737/2306-627X-2020-45-56 (date accessed: 28.05.2021).
15. Zhang D., Hu M., Ji Q. Financial Markets under the Global Pandemic of Covid-19 // Finance Research Letters. – 2020. – Vol. 36. – URL: https://doi:10.1016/j.frl.2020.101528 (date accessed: 28.05.2021).
Review
For citations:
Sirazeeva A.F., Badrutdinov D.I., Raznitsyn N.A. Us stock market in the New Economic Crisis. Kazan economic vestnik. 2021;(3):54-60. (In Russ.)
Views:
33
Email this article 